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The auto industry is warning that US sales declines, which have been consistent over the past year, may continue thanks to tariffs US President Donald Trump plans to slap on steel and aluminum imports. Toyota Motor, which plans to build a new $1.6 billion factory in Alabama with Mazda Motor, said the administration's decision will "adversely impact" car companies by raising costs and prices of cars and trucks sold in the US. That's even as more than 90 percent of the steel that Asia's biggest carmaker uses in the US is from that country. Trade groups represent...
Kumar Galhotra emigrated from India to USA at 18 years old to study mechanical engineering at the University of Michigan-Dearborn. He knew there was just one company he wanted to work for "It was just Ford" he recalled. Shortly before receiving his bachelor of science degree, Galhotra printed a stack of resumes and hand-delivered them in hopes of landing a job with Blue Oval. Galhotra's ambition paid off with a 30-year career at Ford that now has him taking on high-stakes responsibilities as automaker's chief marketing officer.Galhotra has orchestra...
Ford Motor Co. plans to end North American production of its Fusion midsize sedan at the end of the decade. The automaker has begun informing suppliers that it will not build the next-generation Fusion at its plant in Hermosillo, Mexico, where the car is currently made. It’s unclear whether Ford would stop selling the Fusion in the U.S., replace it with a different vehicle, or build it elsewhere. A spokesman declined to comment. The car will not be shipped to the United States from China, Ford said Wednesday, denying a Reuters report that the automaker would consolidate global...
Four years ago, CEO Masamichi Kogai predicted Mazda would be notching annual U.S. sales of 400,000 cars by now. Instead, it is in a second-straight year of decline, with volume under 300,000 and market share retreating from an erstwhile goal of 2 percent. Now Kogai claims the U.S. resurgence will start in earnest in 2019 and kick into overdrive in 2021 when Mazda adds an all-new crossover designed for and built exclusively in the U.S. Giving first details of the new nameplate in a Nov. 16 interview, Kogai said it has potential to be the brand's best-seller. He said it would slot...
The U.S. National Highway Traffic Safety Administration said on Friday it was rejecting a petition by Ford to delay recall of about 3 million cars with potentially defective Takata airbag inflators. The agency said it did not find the request by the second largest U.S. automaker to defer a recall until additional testing was conducted "reasonable under the circumstances or supported by the testing and data it has collected to date." Takata inflators can explode with excessive force, unleashing metal shrapnel inside cars and trucks. At least 18 deaths and 180 injuries world...